Building an E-Commerce Website Can Be Done in a Number

question 121

Multiple Choice

Building an e-commerce website can be done in a number of ways. Which of the following would a small company with limited capital most likely choose as a cost-effective option?

• A) Use the website design tools and predesigned templates provided by a website host
• B) Use in-house personnel or outside website developers to build a custom-designed site
• C) Share the cost of developing a website by partnering with companies that offer similar products and services
• D) Buy an existing website

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Definitions:

Sensitivity Analysis

A financial modeling technique used to determine how different values of an independent variable affect a particular dependent variable under a given set of assumptions.

Sponsorship Relationship

Describes the formal alliance between an entity, typically a corporation, and another party, often in events, nonprofits, or sports, where each provides mutual benefits to the other.

Business Sponsor

A company or individual that provides financial support for events, projects, or organizations, often in exchange for advertising or promotional opportunities.

Social Enterprise

An organization that applies commercial strategies to maximize improvements in human and environmental well-being, rather than maximizing profits for shareholders.